We talked about starting your own business and what you needed to do once you hit the ground running. However, there are things you need to consider prior to beginning a business. There are things you need to consider prior to even figuring out what business you want or if you are even suited for working for yourself.
What to think about:
You need to have some serious thoughts in a logical order before you attempt a business of your own.
Am I suited to work alone?
There are some of us that are just not suited to work alone. So many people have fantasies about working for themselves and then once they start they find they needed structure instead. They lack the discipline to hack it on their own. So, you need to approach this with resolute honesty and say well, can I actually trust myself? Am I able to deal with meeting deadlines on time without procrastinating until I burn myself out doing it all at the last minute? If the answer is no, then you should maybe consider one of two things. One, don’t work for yourself or two, get a partner you can trust and have them push you.
Do I have the financial backup to work for myself?
Business takes time. You have to have time to develop and grow. This means you have to have the means to support yourself while you are building your business. So, you can maybe consider several things—one—a small business loan. You can get this from your bank but it may be hard with little or no credit. You can possibly go to a family member and secure a loan at a better interest rate and more leniency than a bank and you also stand a better chance of getting one.
Do I know if I have the personality for what I want to do?
Ask yourself if you are the right personality type for what you want to do. There also may be one element you can give to someone else if you intend to have a partner or employees. For example, if you are an introvert and you want to stick to the IT part of your business but what you do would entail sales—then—you should give that part of the business to someone that has that talent.
In any case, carefully dissect what suites you and stick with it!